Final answer:
Managerial accountants use a variety of reports that include financial data on business subunits, non-financial data, aggregated data, and details for specific decisions to assess the health of a business. Once a firm establishes a strategy likely to yield profits, this information becomes vital for outside investors providing financial capital.
Step-by-step explanation:
Reports scrutinized by managerial accountants typically include a variety of information crucial for business decision-making. These reports often contain data on business subunits, relevant non-financial data, highly aggregated data, and information tailored for special-purpose decisions. As a firm grows and its strategy starts showing potential for future profits, managerial accountants and outside investors rely less on personal relationships with individual managers and more on the financial data available about the company's performance, such as information about products, revenues, costs, and profits. The availability of this information provides a basis for bondholders and shareholders, who may not have personal relationships with company managers, to offer financial capital to the firm.